Question: You plan to save $5,500 per year for the next 8 years. After the last deposit, you will keep the money in the account for

You plan to save $5,500 per year for the next 8 years. After the last deposit, you will keep the money in the account for 4 more years. The account will earn an interest rate of 5.8 percent. How much will there be in the account 12 years from today?

a.$67,719.35

b.$106,315.88

c.$23,989.08

d.$54,046.82

e.$91,708.43

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